jim caron:, thank you --jim caron, thank you.scarlet: while the president was hosting his bipartisan meeting, his administration's agenda was released. the president warned that the u.s. would use all available tools to prevent china's economic model from undermining global competition. this is the latest warning to beijing, as washington gets ready for a host of trade actions. the president contemplating whether to slap a 24% tariff on imported steel and aluminum. julia: both the eu and china will likely respond. up, our treasury yields headed for a breakout? the three charts you can't miss. this is bloomberg. ♪ scarlet: time now for ourscarlet: weekly segment, charts go, where we take a look at charts and functions. abigail: joining me today, jonathan krinsky, chief market technician for an km holdings. we are looking at the worst month of the s -- of the 500. what do you make of this? will we see a new, lower low? jonathan: a couple of things to keep in mind, we came off of 15 consecutive monthly gains for a total return basis

thank you very much, jim caron david faber, back to you. >> okay.e lot reava mo ahead for you on "squawk on the street." don't go away. experience lexus safety system plus standard. in the 2018 lexus es and es hybrid. lease the 2018 es 350 for $339 a month for 36 months. experience amazing at your lexus dealer. >>> welcome back i'm dominic chu. check out what's happening with stocks up this morning technology standing out as one of the best-performing sectors, up around 4% so far. among the leaders, cisco systems on earnings, trading at levels not seen since 2000 of december. you've also got salesforce, autodesk and advanced micro devices all up by around 2.5% at this point so michelle, technology's going to be a big driver in today's trade. we'll see if it sticks that way into the afternoon back to you. >> we will watch for that. thank you, dom. >>> warren buffett's longtime business partner, charlie munger, says it's time for regulators to ease up on wells fargo. he says the bank will end up "better off" as it corrects a series of mistakes in trea